The dollar fell below its year-long high as salary tests approached

 The dollar fell below its year-long high as salary tests approached

File Photo: Taken on May 26, 2020, you can see US dollar bills in this figure. REUTERS / DadoRuvic / Illustration / File Photo

October 5, 2021

Kevin Buckland

TOKYO – Tuesday’s US dollar will taper off Federal Reserve stimulus and raise interest rates.

The Australian dollar continued to rise for three days, with trading unchanged at $ 0.72905 from the day before it reached its four-day high of $ 0.73045. The Reserve Bank of Australia met on Tuesday, and economists surveyed by Reuters unanimously predicted that the policy rate would not change.

The New Zealand dollar remained close to the four-day high of $ 0.6981 in the previous session and changed trading at $ 0.6960 after a three-day rise. When the country’s central bank decides on a policy on Wednesday, the market will be priced for a quarter-point rate hike.

The US dollar index, which measures currencies against six rivals, was almost flat at 93.845, slightly easing from…

Read full article…texasnewstoday.com